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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Allocations and Period Close | - Period-End Processing
|
| Topic 2: Intercompany and Consolidation | - Advanced General Ledger Features
|
| Topic 3: Journal Processing | - Journal Management
|
| Topic 4: Financial Reporting and Analysis | - Reporting Capabilities
|
| Topic 5: Enterprise Structure and Configuration | - Enterprise Setup
|
| Topic 6: General Ledger Fundamentals | - General Ledger Overview
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Your company has complex consolidation requirements with multiple general ledger instances.
You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?
- A. Data is summarized across segments that are not mapped to Hyperion Financial Management
- B. The data is not transferred.
- C. The unmapped segments default to future use segments in Hyperion Financial Management
- D. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
Correct Answer: D 🗳️
You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
- A. Schedule your AutoPost Criteria set to run during off-peak hours only
- B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
- C. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
- D. Create your AutoPost criteria using minimal source and categories.
Correct Answer: B 🗳️
What is the most efficient way to add a new year to the accounting calendar?
- A. The application automatically populates the next year when you open the first period a new fiscal year.
- B. Add the periods manually
- C. Import the periods from a spreadsheet
- D. Use the Add Year button
Correct Answer: A 🗳️
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You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?
- A. Two tree versions were not defined
- B. Chart of accounts was not deployed.
- C. An Audit process needs to be successfully performed before a tree version can be set to Active.
- D. Accounting Configuration was not submitted-
Correct Answer: A 🗳️
Which two statements are true regarding how Intercompany Balancing Rule, are defied?
- A. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
- B. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
- C. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
- D. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
Correct Answer: C 🗳️
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